£294,317
This estimated value is based upon the latest sale price for the house of £240,000 on 29 Oct 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £240,000 | 29 Oct 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 sq feet |
This model uses changes in the Official Land Registry House Price Index for MEDWAY to estimate the market value.
When this house was purchased in October 2019 the House Price Index for MEDWAY was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £240,000 results in an estimated price of approximately £294,317.
| 29 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £240,000 | £54,317 | £294,317 |
The Postcode Pricing Model uses changes in average sales price within the ME5 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -11.983 % | £-28,759 | £211,240 |
| 3 Month Average | -2.067 % | £-4,960 | £235,039 |
| 6 Month Average | 20.502 % | £49,204 | £289,204 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £304,508 | £300,000 | 240 CHURCHILL AVENUE |
| 13 Sep 2023 | £343,391 | £339,000 | 53 ARNHEM DRIVE |
| 31 Aug 2023 | £319,798 | £317,000 | 10 ARNHEM DRIVE |
| 27 Jan 2023 | £343,382 | £345,000 | 61 TOBRUK WAY |
| 6 Jun 2022 | £359,074 | £354,000 | 9 DUNKIRK DRIVE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 30 May 2019. Using an estimated price of £294,318 means this house is valued at £3,382 per sq meter (£314 per sq foot).
The average size of a house on TOBRUK WAY is 98 sq meters (1,058 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tobruk Way |
| Feb 2024 | Anti-social behaviour | On or near Tobruk Way | |
| Feb 2024 | Anti-social behaviour | On or near Tobruk Way | |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tobruk Way |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Tobruk Way |